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"China's gifting culture is also different from other markets. In China, a lot of products we sell are used for gifts. This is not a big trend in the Western markets, where more products are for personal use, so we have adjusted our portfolio to fit Chinese consumers in these areas," he said.

"Consumer spending has rebounded in recent months, but increasing concerns among consumers about the economic outlook and their financial well-being will likely cause spending to cool in the months ahead," said Lynn Franco, senior director of economic indicators with the board.

"China should pay more attention to make its ODI moves better suited to its 'dual circulation' development pattern by meeting domestic market needs via investment activities in overseas markets," said Zhao Ying, a researcher at the Beijing-based Institute of Industrial Economics, which is a part of the Chinese Academy of Social Sciences.

"China's strengthened friendship with France within the framework of BRI has given precious opportunities for students like me to directly learn from leading technology companies," he said. "I feel such open dialogue is important to foster multilateral collaboration in our increasingly globalized world."

"China welcomes and supports the meeting, and looks forward to more good news from the Korean Peninsula," he said.